As latest research indicates that Buy- To-Let Mortgage availability is improving, Belvoir Sheffield is claiming that the New Year will be a good one for investors.
According to research from Mortgages for Business, the average three and five year buy-to-let fixed rates have risen to 5.25 per cent and 5 per cent respectively, including fees.
Rick Flay, Director at Belvoir Sheffield Lettings, said: “These latest figures demonstrate that there is now competition in the market which is a very positive sign. The last few months have been great for the cash buyer, but finance is steadily becoming available.”
The report stated that this rise is likely to be due to increasing swap rates, which are used to hedge possible interest rate rises and are linked to mortgage pricing. After falling at the start of May, 3 and 5 year swap rates have steadily increased, before peaking mid-September at 1.32 per cent and 2.01 per cent.
Rick Flay, whose agency, Belvoir Sheffield, offers a wide range of homes to let, added:” Here at Belvoir Sheffield we have an ‘all of market’ solution where our brokers can look at the best deals available across the UK, because we are not tied into any lender. There is no cost to a landlord for this search service either.
“I would advise any landlord seeking finance to get in touch with us first for free impartial advice.”
Belvoir Lettings Sheffield is the One Stop Shop Specialists for residential property, for buying and selling, for lettings including property management, investment, and wealth management advice, fit outs and renovations, mortgages and conveyancing.
Belvoir Sheffield was the winner of the Belvoir Franchise of the Year Award for 2013.
For more information on Belvoir Sheffield, please visit https://www.belvoir.co.uk/sheffield or call lettings on 0114 25 25 215 or sales on 0114 331 0033, or email us at sheffield@belvoirlettings.com
